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dan simon is "outfront." >> a brilliant computer programmer. a world-class university, and a federal prosecutor. a three-way collision that some speculate led to a deepening depression for 26-year-old aaron schwartz. schwartz was best known as the co founder of reddit, a widely used social news and entertainment website built around user submitted content. president obama even used reddit to reach more than 5 million voters in his re-election campaign. most of them young people. in his short live, he became a folk hero, pushing to make web content free. but with prosecutors pressing serious charges, schwartz hanged himself friday in his brooklyn apartment. his lawyer said he doesn't know what put him over the edge, but the notion of prison time had him deeply worried. >> i know this case was weighing heavily on his mind and was a significant source of stress for him. >> the freedom to connect, like freedom of speech or like the freedom to murder. >> the case stemming from schwartz's passionate believe for a wide open, free internet. it dates ba
dan simon is "outfront." >> a brilliant computer programmer. a world-class university, and a federal prosecutor. a three-way collision that some speculate led to a deepening depression for 26-year-old aaron schwartz. schwartz was best known as the co founder of reddit, a widely used social news and entertainment website built around user submitted content. president obama even used reddit to reach more than 5 million voters in his re-election campaign. most of them young people....
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. >> thank you, dan. john berman has the other stories. >> you heard dan talking and in a few hours, new york may be one of the first state to enact tougher gun laws. the changes proposed by andrew cuomo puts new measures to place to keep guns away from the mentally ill. >> this is a surge on society. people had to live through these tragedies. tragedy after tragedy after tragedy and people are saying at what point do we get it? at what point do you say enough, we understand? no one else has to die. no more innocent loss of life. >> the governor's bill includes a webster provision, a life without parole sentence for anyone murdering a first responder. that was included in response to the fire and shooting in webster, new york that killed two firefighters. the organization at sandy hook promised for a conversation about guns and school safety. they voted to name a new school building after slain teacher victoria soto. she died after trying to shield her children from the gunman. >> fresh off the fiscal cli
. >> thank you, dan. john berman has the other stories. >> you heard dan talking and in a few hours, new york may be one of the first state to enact tougher gun laws. the changes proposed by andrew cuomo puts new measures to place to keep guns away from the mentally ill. >> this is a surge on society. people had to live through these tragedies. tragedy after tragedy after tragedy and people are saying at what point do we get it? at what point do you say enough, we understand?...
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Jan 14, 2013
01/13
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dan, what's your take on this dell story? >> i mean, i think it's something that's been talked about for awhile. you can go back to actually 2010 in june and michael was at a conference and somebody asked him do you ever think about taking your company private? and the answer was yes. there's been this talk for a long time. was one of the ten worst performing stocks in the s&p last year. it was one of the top ten cheapest though. if you're looking at it from that perspective, the timing seems to make sense. >> so let me ask you, shaw, what you think. how would shareholders work out in this deal? >> well, you know, i agree with dan that this rumor's been going around for awhile. but i think the biggest problem is that the size of dell. you look at the stock today. it's -- the market cap's now $21 billion. so in the takeout, it would have to be a premium to that. possibly $30 billion. that's a lot of capital to raise. a lot of debt financing. so we think because of the size of this deal the likelihood of it happening is not lik
dan, what's your take on this dell story? >> i mean, i think it's something that's been talked about for awhile. you can go back to actually 2010 in june and michael was at a conference and somebody asked him do you ever think about taking your company private? and the answer was yes. there's been this talk for a long time. was one of the ten worst performing stocks in the s&p last year. it was one of the top ten cheapest though. if you're looking at it from that perspective, the...
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Jan 15, 2013
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dan, thanks. >> "squawk box" up next. >> we'll be back tomorrow. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office.
dan, thanks. >> "squawk box" up next. >> we'll be back tomorrow. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office.
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Jan 18, 2013
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just ask our next guest, dan rosenswe rosensweig. a full-service operation for students, matches them with colleges, scholarships and advisers that have ambitions to be the go-to network for college students. what was wrong with just representing textbooks, dan? why this move into a broader context, a platform that you're creating? >> it's a very good question. it's a much bigger opportunity. i think when we took over the business three years ago, it was clear that print textbooks in the rental model wouldn't be around forever. the world increasingly goes digital and students would be using many more education resources, and using textbooks and new technologies that come out. it's about nobody up to this point has focused on putting the student first. so chegg has taken the position that our goal is to give the students what they need, our mission is to save them time, save them money, get them smarter. the education process is really difficult. it's really fragmented. i have two daughters, rachel and samantha, and one went through t
just ask our next guest, dan rosenswe rosensweig. a full-service operation for students, matches them with colleges, scholarships and advisers that have ambitions to be the go-to network for college students. what was wrong with just representing textbooks, dan? why this move into a broader context, a platform that you're creating? >> it's a very good question. it's a much bigger opportunity. i think when we took over the business three years ago, it was clear that print textbooks in the...
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joining us is our private ek wit at the expert from boston dan. >> good morning. >> so this would be a huge, huge 20 plus billion dollar transaction. do you think it can actually happen in this environment? >> no, i don't. now, never say never. stranger things have happened. you've got pension funds, maybe a big sovereign wealth fund comes in. but you'd have to be talking about gst 23 billion, maybe $25 billion deal altogether and i know that dell's got a lot of cash on the books that can kind of help take some of the risk off for the bankers who would have to provide the leveraged financing here. but not enough. a lot of that cash is held overseas so you'd have the big tax implication. it seems a little too big. i talked to a private equity investor yesterday not at tpg or silver lake and he said this is a real, real stretch to get done. >> we're talking about a market cap somewhere in terms of, with a premium in success of sst 20 billion. i don't know what number you want to put on that. you have about $11 billion that you said in cash, but you've got to bring some of that and repa
joining us is our private ek wit at the expert from boston dan. >> good morning. >> so this would be a huge, huge 20 plus billion dollar transaction. do you think it can actually happen in this environment? >> no, i don't. now, never say never. stranger things have happened. you've got pension funds, maybe a big sovereign wealth fund comes in. but you'd have to be talking about gst 23 billion, maybe $25 billion deal altogether and i know that dell's got a lot of cash on the...
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Jan 14, 2013
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. >> thanks, dan. >> yes, good to see you. >> still an, but trade ahead on the program, we'll head out to troy for a sneak peek at automobiles. >> and as we has to break, the dow is looking to continue its rally. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to "worldwide exchange." i'm kelly evans. >> and i'm ross westgate. here are your headlines from around the globe. >> u.s. investors look for an encore after the s&p 500 reaches a fresh five-year high as the shanghai composite is up over 3% and foreign investments restrictions will be relaxed. >>> swatch group bought harry winston for $750 million. but u.p.s. walks away from a 5 billion euro deal from tnt. >> and generali unveiled a new major overhaul vowing to boost operating profits by 25%. not too much movement on futures since the last time we checked in. the dow was looking to add ab
. >> thanks, dan. >> yes, good to see you. >> still an, but trade ahead on the program, we'll head out to troy for a sneak peek at automobiles. >> and as we has to break, the dow is looking to continue its rally. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help...
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Jan 14, 2013
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what went up on news we foreshadowed first on fox business that dan lobe had a major investment in it. now what we have is two sort of interesting events that don't really, you know, add or detract from what ackman is saying, that is the company is a pyramid scheme. it will run out, in a pyramid scheme you make money by more distribution, not by selling products. distributors pay you a fee. at some point the distributors run out. these two events don't necessarily detract from that argument that it is a pyramid scheme. but they provide a lift. one argument they will preannounce earnings that will be pretty good at decent analyst expectations or maybe beating them a bit. number two, right after they do that, they will do that this week apparently there will be a stock buyback. those are two headlines you see herbalife up on. they don't detract from ackman is saying. ackman is about to come out with his questions. he wants --. melissa: he is not being baing down at all? >> if you know anything about bill ackman, i know the herbalife people are gearing up for this, he will keep attacking
what went up on news we foreshadowed first on fox business that dan lobe had a major investment in it. now what we have is two sort of interesting events that don't really, you know, add or detract from what ackman is saying, that is the company is a pyramid scheme. it will run out, in a pyramid scheme you make money by more distribution, not by selling products. distributors pay you a fee. at some point the distributors run out. these two events don't necessarily detract from that argument...